EU officials call for dropping procedure against Italy on budget - Radiocor news agency

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ROME, July 3 (Reuters) - European Commission officials have decided not to propose disciplinary action against Italy over its public finances, Italian news agency Radiocor said on Wednesday.

The officials, known as "sherpas," met ahead of the formal decision by the Commission.

The EU executive, which is unhappy with Italy's rising public debt, is due to formally announce its decision shortly.

(reporting by Giuseppe Fonte, writing by Gavin Jones, editing by Giselda Vagnoni)

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